The percentage of families with incomes below the poverty line: a. is defined as the 10 percent of u. s.households with the lowest incomes. b. is known as the poverty rate. c. is known as the unemployment rate. d. rises as the general income level rises.

The answer is: A) Is defined as the 10 percent of U.S. households with the lowest incomes.

Explanation:

The poverty line (or poverty threshold) classifies people into poor or non-poor. If someone earns an income below that limit (poverty line) they are classified as poor. Usually this line or threshold is established as the smallest amount of money a person needs to live on.

So if a person is classified as poor, since they shouldn't be able to live solely on their income, they can request the assistance of government programs (e.g. Medicaid, food stamps).

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi